Saturday, September 1, 2012

"What Happens to Stolen Bicycles?"

Fascinating article @Priceonomics:

"At Priceonomics, we are fascinated by stolen bicycles. Put simply, why the heck do so many bicycles get stolen? It seems like a crime with very limited financial upside for the thief, and yet bicycle theft is rampant in cities like San Francisco (where we are based). What is the economic incentive for bike thieves that underpins the pervasiveness of bike theft? Is this actually an efficient way for criminals to make money?"

1 comment:

Mountain Bikes said...

I always ask first if the bike belongs to the rider before suggesting that the seat is too low or that the rear wheel needs truing; there’s no point in making those kinds of suggestions to people who are just renting a bike for the afternoon.